Buying property in Greece The lawyer Kasatkina-Kouskou Svetlana offers services for the legal support of real estate transactions throughout Greece. A full legal control before becoming an owner is performed. The control concludes the confirmation of the ownership of the seller, the legal purity of the last 20 years, which are necessary steps for buying real estate. Thus, the buyer must do the following for the sale contract in Greece: • Search of property, the contribution of a broker may be asked. • Legality of the title of property (check the books of transfer and the books of weights of the relevant land registry etc) - technical check of the property by a civil engineer. • Deed sale between the buyer and the seller with the presence of a lawyer where the real market value of the property is determined, as well as the penalties for not signing the final contract. It may take the form of a private agreement or a notary. • The foreign buyer must obtain an individual number ( ΦΠΑ) to the competent tax office. • Drafting the contract before the notary. • Open a Greek bank account. • Exemption from payment of real estate transfer tax provided all conditions are met. • Registry of the contract. • Join the National Cadastre. According to recent Greek legislation for citizens of countries outside the EU, the opportunity to acquire real estate in border areas of Greece is widened and the procedure of the transaction is simplified and there is no more need for a license from the Ministry of Defence. In other words, during the economic change in Greece, there are many large and profitable opportunities for the acquisition of land for commercial use and for leisure and entertainment use, as well as opportunities to buy real estate to coastal and mountainous areas. The buyer (seller) may permit the lawyer representing him, to manage his interests in Greece for all procedures related to the sale, with a proxy in which all terms of the contract (price, transaction object etc) must be specified. The proxy must be signed by a notary in Greece and the Greek consulate abroad. Notary proxies abroad must be officially sealed with Apostille. This process greatly accelerates the processing of documents and therefore could guarantee the adequate treatment of the transaction of purchase and sale of the real estate. A very important aspect in issues related to acquisition of real estate is the reliability of the information and in this case, the buyer’s lawyer is the main guarantee for the legality of the transaction. kasatkinalaw/en/help_info/property_greece.html
Posted on: Thu, 06 Mar 2014 10:51:33 +0000
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